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Nitin Garg stresses the need for better product design. He says, "If you give #CICOagents what they need, they will always repay. The advantage we have for #agentlending is that so much data is available to customize products for each particular agent."
#CICOAgents #CICOlending
Providing an investor's perspective on #Agentlending, @charlieg_b says, “The first challenge preventing investments is awareness. And, second is a perceived risk that the MNOs & ANMs control these networks, making investors wary of lending due to the complex business models.”
"The beauty of our product is that it pre-scores and approves the credit limit for #CICOagents across regions; the agent knows his #credit limit, so he can plan his business operations,” says Jude Mukasa from @kcbbankug
#CICOAgents #CICOlending #Agentlending
On innovation in #CICOnetworks, @sinhabhinav says, “The term neo-bank has now become popular, but mobile money and #CICOagents were the first neo-banks in India. They redefined the experience of using a bank account.”
#CICOAgents #CICOlending #Agentlending
On the role of technology in providing credit to #CICOagents, Mr. George Maingi from @group_asante says "We appreciate the role of technology, it reduces the time for onboarding and KYC validation from a few days to a few seconds".
#CICOAgents #CICOlending #Agentlending
Nitin Garg from #FLOWGlobal says, “Agents need capital all the time, considering that they rotate the amount they have available between several different businesses, and not just use it for mobile money.”
#CICOAgents #CICOlending #Agentlending
📢#LiveNow
“Understanding agent behavior is important as all agents are trying to solve the same problem, but the same solution may not work for each agent,” says @sinhabhinav from @ekospeaks
#CICOAgents #CICOlending #Agentlending
@gatesfoundation Dr. Seth Garz mentions the #Agentlending report provides actual case studies to better understand the agent lending landscape in the focus countries and demonstrates large lending opportunities to #CICOagents.
📢#LiveNow
Attend @MicroSave's webinar on “Investing in the agents of change” to learn about financing gaps and investment opportunities in the agent lending space.
Join now➡️https://t.co/JGEofbU6ct
#CICOAgents #CICOlending #Agentlending
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